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1. Prepare a physical flow schedule. Weighted Average Method, Physical Flow, Equivalent Units, Unit Costs, Cost Assignment, ABC Swasey Fabncation, Inc, manufactures frames for bicycles.

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1. Prepare a physical flow schedule. Weighted Average Method, Physical Flow, Equivalent Units, Unit Costs, Cost Assignment, ABC Swasey Fabncation, Inc, manufactures frames for bicycles. Each frame passes through three processes: Cutting, Welding, and Painting. In Septernber, the Cutting Department of the Tulsa, Oklahoma, plant reported the following data: a. In Cutting, all direct materials are added at the beginning of the process: b. Beginning work in process consisted of 41,500 units, 20 percent complete with respect to direct labor and overhesd. Costs in beginning inventory included direct materials, $1,205,000; direct lebor, $222,800; and applied overhead, $150,000. c. Costs added to production during the month were direct materials, $2,715,800; direct lobor, $3,477,200; Overhead was assigned using the following information: d. At the end of the month, 121,600 units were transferred out to Welding, leavng 13,600 units in ending work in process, of 25 percent complete Required: 1. Prepare a physical flow schedule. 2. Calculate equivalent units of production for direct materials and conversion costs. 3. Compute unit cost under weighted average. 4. Calculate the cost of goods transferred to Welding at the end of the month. Calculatentie cost of ending inventory

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